The company’s activities will focus on promoting semiconductor design innovation and developing national cadres. According to the collaboration program, Kaynes Semicon will execute a 12-month qualification program funded by the Ministry of Labour for 80 Omani engineers on semiconductor design techniques to qualify them as semiconductor specialists who can keep up with the requirements and updates of the future labour market in this field through the company’s commitment under this collaboration to transfer global knowledge and standards in the field of semiconductors to the Sultanate of Oman, making use of its expertise in design and manufacturing.

This collaboration is part of MTCIT’s efforts to implement a digital industry program under the ‘National Program for Digital Economy.’ The initiative aims to attract international technology projects to the Sultanate of Oman in order to enhance the digital economy’s contribution to the GDP. Additionally, it seeks to localize technology, hire qualified Omani personnel, improve the competitiveness of Omani youth in the semiconductor sector, and strengthen the semiconductor system and organization in Oman.

The memorandum was signed on behalf of the Ministry by His Excellency Dr. Ali bin Amer Al Shidhani, Undersecretary of the Ministry of Transport, Communications, and Information Technology for Communications and Information Technology; His Excellency Sayyid Salem bin Musallam Al Busaidi, Undersecretary of the Ministry of Labour for Human Resources Development signed on behalf of the Ministry of Labour; and Mr Raghu Panicker, CEO of Kaynes Semicon signed on the company’s behalf.

Digital Economy

The Undersecretary of the Ministry of Transport, Communications, and Information Technology for Communications and Information Technology, H.E. Dr. Ali bin Amer Al Shidhani, said that signing this collaboration program with Kaynes Semicon is a remarkable step to build up an integrated sector in the field of the semiconductor industry, which forms an essential pillar of the international digital economy. This step is part of the strategic inclinations of the Sultanate of Oman to localize advanced technologies, attract qualitative investments that promote national potentials, and increase the quality of Omani cadres. He added that the center will be an axis point for the company’s operations in designing semiconductor chips at the regional level, while relying on national cadres qualified and trained to handle the latest advanced technologies.

Digital Industry

In the context of executing a digital industry program, H.E. Dr. Al Shidhani said that the Ministry is working on creating an environment that attracts advanced technology investments that go in line with the objectives of Oman Vision 2040 towards a diversified and knowledge-based economy that encourages innovation and entrepreneurship.

Dr. Ali Al-Shidhani also highlighted the role of the Ministry of Labour in supporting and funding the training program, looking forward to witnessing more collaborative innovations that push the digital economy forward and enhance the readiness of national cadres in future fields and domains.

Efforts of the Ministry of Labour

H.E. Sayyid Salem bin Musallam Al Busaidi, Undersecretary of the Ministry of Labour for Human Resources Development, said that signing this program is part of the ministry’s efforts to qualify national cadres, which undoubtedly will promote the digital economy and market requirements and needs.

H.E. also added that this program is part of the Ministry of Labour’s programs related to the labour market, which represents a fundamental step towards diversification and innovation, given that the Sultanate of Oman has achieved considerable accomplishments in its modern renaissance. Therefore, the Sultanate of Oman is ready and equipped to attract investments as established in Oman Vision 2040 to create an economy that keeps up with the new global variables and updates in the digital sector that witness tremendous and rapid developments that urge for innovation, creativity, and pioneering.

An International Design Center

Mr. Raghu Panicker, CEO of Kaynes Semicon, stated: “We are proud of this partnership with MTCIT to establish the first international design center outside India. This initiative is not just a turning point for Kaynes Semicon company, it is proof of our commitment to develop global talents and innovation in the sector of semiconductors.”

International Collaboration

Mr. Ramesh Kannan, the General Manager of the Indian Kaynes Technology Company, stated: “This project represents an ideal combination of international collaboration and technical excellence. By this step, we are extending our vision of building a powerful semiconductor system beyond the Indian borders, while providing support to the Government of Oman to create future leaders in this field.”

About Kaynes Tec​​​hnology

Kaynes Technology was established in 1988 AD and was able to achieve 242 million dollars of revenue in 2024 AD. The market value of the company is 3.74 million dollars. During the past five years, the company’s revenues achieved an annual compound growth rate (CAGR) of 32.7%.

Kaynes’ focus on development and research enables it to provide cutting-edge technologies and innovative solutions in the field of semiconductors. Kaynes also collaborated with academic institutions and global companies to enhance its technical capabilities and extend the scope of its business. Kaynes has a unique diversified combination of scopes and services, such as consumer electronics, automotive, and telecommunications, which enables it to build a significant market reputation and have huge investments in infrastructure and technology.